Political Discussion

In the search for younger progressive leaders as the next generation, my front runner is Aftab Pureval, current mayor of Cincinnati, OH. Have been following him since he flipped the Hamilton County Clerk of Courts seat. I love what he's been doing as mayor so far, and I can't help but think his sights are even higher.

 
Just got a apple news notification about student loan forgiveness from Time.

Time's opinion is the courts will strike down the student loan debt forgiveness before anyone sees any forgiveness.

The courts are very skeptical of executive actions, and based on a precedence set earlier this year by the SCOTUS the executive branch does not have this kind of power. Only congress does.

As of Monday, the student loan debt forgiveness was placed on a indefinite hold by the courts.
 
RenegadeMonster said:
Just got a apple news notification about student loan forgiveness from Time.

Time's opinion is the courts will strike down the student loan debt forgiveness before anyone sees any forgiveness.

The courts are very skeptical of executive actions, and based on a precedence set earlier this year by the SCOTUS the executive branch does not have this kind of power. Only congress does.

As of Monday, the student loan debt forgiveness was placed on a indefinite hold by the courts.
Click to expand...
Not surprising, but very disappointing.
 
arstechnica.com

Cable company’s accidental email to rival discusses plan to block competition

Cable One: Fighting publicly funded rivals one of our "most important tasks."
arstechnica.com arstechnica.com

@nolalady You might find this an interesting read as it's about current happenings in Louisiana and the rollout of broadband internet.

Government grants have been issued to roll out fiber optic broadband internet to rural areas lacking access. And surprise surprise, the cable companies are seeking to block not only tjust he roll outs, but the grants themselves as well.
 
I feel like I just never will get a head.

Living on my own, when I was trying to keep my student loans up to date with my high rent I ended up building up credit card debt between 4 and 7 years ago to the point where I could not keep up with my student loan payments.

Now that I'm making more money, I have been focusing on trying to pay the credit cards down. And over the last 3 years I feel like I have made no progress, it's all gone to interest and I have just been maintaining my balance even though I'm not charging anything new.

I was starting to make progress, paying about $50 over the minimum each month. I set a fixed payment with bank of america to pay my bill each month $50 over the minimum. Logged into today to make an extra payment and saw that I'm past due and had late fee of $27.

I call them to find out wtf is going on, because my payments have been going through each month. I found out two things. 1, my interest rate isn't fixed and they raised it along with the fed interest rate hikes. And 2, because I have been maintaining my balance and not making progress paying it down my minimum payment has been increased "to help my pay it down". My minimum payment since September is $100 more a month than what it was previously.

I bitched at them for not giving me any notifications of the changes or that my auto payment was insufficient. They were all like, sorry, but that's on you. It's your responsibility to keep up with those things. Not ours to keep you updated. You should be logging in every week keeping up to date with your interest rate and what your minimum due is. Logging in every few months is just plain irresponsible of you and totally on you. They won't waive the late fees.

Before the recession my credit cards wer between 8% and 12% interest rates. After they were all in the ballpark of 18%. Now they are all 24% to 28%. That is just plain highway robbery in my opinion. Other than my bank of america fixed payment coming up short in september and october. I have never missed a payment on any credit card and always have been on time. Why does my interest rates keep having to go up making it harder and harder if not impossible to pay off with my current income to rent ratio.

An, and icing on the cake. This article popped up on my Apple News feed.

apple.news

It's Now 40% More Expensive to Be Single and Dating Than It Was a Decade Ago — TIME

Singles are spending $117.4 billion on dating every year
apple.news apple.news

Yup, just everything is getting insanely more expensive and wages are nowhere close to catching up.
 
RenegadeMonster said:
I feel like I just never will get a head.

Living on my own, when I was trying to keep my student loans up to date with my high rent I ended up building up credit card debt between 4 and 7 years ago to the point where I could not keep up with my student loan payments.

Now that I'm making more money, I have been focusing on trying to pay the credit cards down. And over the last 3 years I feel like I have made no progress, it's all gone to interest and I have just been maintaining my balance even though I'm not charging anything new.

I was starting to make progress, paying about $50 over the minimum each month. I set a fixed payment with bank of america to pay my bill each month $50 over the minimum. Logged into today to make an extra payment and saw that I'm past due and had late fee of $27.

I call them to find out wtf is going on, because my payments have been going through each month. I found out two things. 1, my interest rate isn't fixed and they raised it along with the fed interest rate hikes. And 2, because I have been maintaining my balance and not making progress paying it down my minimum payment has been increased "to help my pay it down". My minimum payment since September is $100 more a month than what it was previously.

I bitched at them for not giving me any notifications of the changes or that my auto payment was insufficient. They were all like, sorry, but that's on you. It's your responsibility to keep up with those things. Not ours to keep you updated. You should be logging in every week keeping up to date with your interest rate and what your minimum due is. Logging in every few months is just plain irresponsible of you and totally on you. They won't waive the late fees.

Before the recession my credit cards wer between 8% and 12% interest rates. After they were all in the ballpark of 18%. Now they are all 24% to 28%. That is just plain highway robbery in my opinion. Other than my bank of america fixed payment coming up short in september and october. I have never missed a payment on any credit card and always have been on time. Why does my interest rates keep having to go up making it harder and harder if not impossible to pay off with my current income to rent ratio.

An, and icing on the cake. This article popped up on my Apple News feed.

apple.news

It's Now 40% More Expensive to Be Single and Dating Than It Was a Decade Ago — TIME

Singles are spending $117.4 billion on dating every year
apple.news apple.news

Yup, just everything is getting insanely more expensive and wages are nowhere close to catching up.
Click to expand...

Credit cards are a trap. If you’ve a sizeable balance you’ll never pay it off unless you’re massively overpaying the minimum, the interest is too high. The minimum payment is just interest servicing the credit really. The best advice is take out a consolidation loan if you can. The interest will be much lower and there is a defined end date. Cancel the credit card account and cut it up. In 2 to 5 years you should be out of the hole.
 
Joe Mac said:
Credit cards are a trap. If you’ve a sizeable balance you’ll never pay it off unless you’re massively overpaying the minimum, the interest is too high. The minimum payment is just interest servicing the credit really. The best advice is take out a consolidation loan if you can. The interest will be lower and there is a defined end date. Cancel the credit card account and cut it up. In 2 to 5 years you should be out of the hole.
Click to expand...

I've considered it. But that also would really negatively affect my credit. Because I rent, and don't have a mortgage, my credit score is primarily made up from my credit cards.

My credit score is based on the age of my accounts, on time status, and credit available.

If I close the account that's a negative dig in itself. But then I lose account age and credit available.

To rent most places you need to pass a credit check. So for example, if I close my accounts, then try to move when my lease is up there is a good chance I will not have a high enough credit score to get approved to rent a new place. It's a total trap.
 
RenegadeMonster said:
I've considered it. But that also would really negatively affect my credit. Because I rent, and don't have a mortgage, my credit score is primarily made up from my credit cards.

My credit score is based on the age of my accounts, on time status, and credit available.

If I close the account that's a negative dig in itself. But then I lose account age and credit available.

To rent most places you need to pass a credit check. So for example, if I close my accounts, then try to move when my lease is up there is a good chance I will not have a high enough credit score to get approved to rent a new place. It's a total trap.
Click to expand...

Don’t close the account then. Stick the card in a drawer and don’t use it. But seriously do not hold long term credit on card. Consolidate on a loan that will wipe the liability in a fixed term. You will never pay it off and the balance will often rise even with paying the minimum. Plus a properly serviced loan massively positively affects your credit score.
 
You must log in or register to reply here.
Back
Top